Market Analysis Report

17 June 2019

MVIS-CryptoCompare Index

The MVIS CryptoCompare Digital Assets 10 Index has closed at 7,667.75 with a gain of 3.90% for the day.

See the live index here

Market Update

At the time of writing, the Bitcoin price is sitting at $9,217 representing a gain of 0.52% in the last 24 hours. More than $550 M worth of BTC were exchanged in the BTC/USD market representing a 26.8% share of the global daily volume. The BTC/JPY pair represents a 31.9% share.

The Ethereum price has risen 4.6% over the past 24 hours and is currently sitting at $715, with over $350 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 29.3% market share of the daily trading volume.

For a detailed market analysis click here.

Goldman Sachs to Begin Bitcoin Futures Trading

According to the New York Times, Goldman Sachs will use its own money to trade Bitcoin futures on behalf of its clients. Despite the exact launch date isn't yet set, the Bank's boards already signed off on the initiative and it's also set to "create its own, more flexible version of a future, known as a non-deliverable forward, which it will offer to clients". This decision resulted from a growing number of inquiries from the bank's clients that showed their interest in holding Bitcoin as an alternative asset. Goldman executive Rana Yared said:

"It resonates with us when a client says, 'I want to hold bitcoin or bitcoin futures because I think it is an alternate store of value.'"

Read more here

Messaging App Telegram Cancels Plans for Public ICO

In accordance to a report in the Wall Street Journal, instant messaging app Telegram has decided to cancel its plans for a public initial coin offering (ICO). The WSJ report also mentioned that according to a two-page document that was circulated last year, Telegram was planning to raise about $1.2 billion split 50-50 between private and public investors. However, Telegram had already managed to raise around $1.7 billion this year from fewer than 200 private investors.

Read more here

Coinbase Discloses Corporate Data In Response to NY Crypto Inquiry

Cryptocurrency exchange Coinbase has publicly shared part of its response to New York Attorney General Eric Schneiderman's ongoing inquiry. The letter describes Coinbase's cooperation with law enforcement and regulatory agencies across the globe, its "state of the art" cybersecurity program, and its recent systems upgrades. It also says Coinbase is a federally regulated money service business and has been granted licenses by regulatory authorities in 31 states, including New York's BitLicense. Rachel Horowitz, Coinbase's Vice President of Communications stated:

"That full response has a bunch of highly confidential information that we are unable to share publicly. Our aim is to be as transparent as we can in responding to this action publicly so we shared the cover letter."

Read more here

Smart Contracts are coming to the Waves Platform

On 28 April, the Waves Platform, released its first implementation of smart contract technology, ushering in new and exciting functionalities for the 3rd generation blockchain platform. The activation is expected on 4 May. Carefully designed to provide a safety-first approach, Waves’ smart contracts will have a phased rollout, predictable computational overheads and fixed fees. Ilya Smagin, Head of Development for smart contracts, stated:

“Waves’ smart contracts will initially include account and token controls, providing functionality for implementing the most-needed scenarios like multisignature wallets, atomic swaps, 2-factor authorisation as well as more elaborate protections for coins. We’ll also introduce a Data Transaction: a way to post Oracle data to blockchain, of course, available from within our smart contracts code”

About Waves: Waves is a decentralised platform with powerful real-world tools and functionality hosted on the blockchain. The multilevel ecosystem of the Waves Platform lets anyone launch their own cryptographically-secured blockchain tokens, as well as private networks, quickly and easily. Using the Waves blockchain, businesses and individuals can build powerful, versatile applications with all the advantages of peer-to-peer technology.

Read more here

MoneyRebel – the hottest ICO is bringing a revolution to the financial industry!

The hottest ICO in the financial industry will start on May 8th, 2018!

Do not miss out on this wonderful chance to participate in the MoneyRebel ICO -  be sure to get in on this amazing opportunity, provide yourself with MRP tokens, or perhaps even with an additional bonus and guaranteed allocation.

MoneyRebel will be an all-in-one financial platform that will provide an easy and safe access to the crypto world, a first fully automated 360 degrees overview of not only cryptocurrencies but also gold, stocks, mutual funds, Bitcoin and crypto tokens – all in one portfolio. It will include links to a marketplace of advisors where you can pick and choose among a variety of crypto or fiat advisors. They will also add banking services like an MR smart banking card, as well as Artificial Intelligence, supported features such as MR Virtual Assistant and MR Robo Advisor.

By supporting MoneyRebel you will be making the crypto world more accessible to everyone; especially to the newcomers that are still sitting on the sidelines and thinking of blockchain and crypto industry as too complicated. MoneyRebel is on a mission to change people’s lives, and for that, they need your support. They are a company with real people and real product behind, with more than 187 years of combined experience in the financial industry to top it off.

To learn more about MoneyRebel, visit their website.

Press Release

State of the Crypto

Bitcoin is up 0.52% at $9,217.720 with a volume of Ƀ60.6k - $557.7M on the USD pairs.

Ether is up 4.2% against Bitcoin at Ƀ0.07786 per Ether and up 4.6% against the dollar to $715.42 with average volume Ƀ45.2k on the ETH/BTC pair.

Bitcoin Cash is up 7.76% to Ƀ0.1597 with volumes of Ƀ39.4k and up 8.04% against the dollar at $1466.35.

Ripple is down 1.25% to Ƀ0.00009245 with volumes of Ƀ12.7k and down 0.87% against the dollar at $0.8501.

Zcash is up 1.42% for the day to Ƀ0.03204 per ZEC and up 2.19% against the dollar to $295.06 with an average volume of Ƀ2.4k for the 24 hour period.

Litecoin is up 1.74% against the dollar for the day at $151.12 and up 1.54% to Ƀ0.01647 on volumes of Ƀ14.2k.

Dash is up 2.43% at Ƀ0.05266 with Ƀ5.1k volume and up 3.15% against the dollar at $485.31.

Iota is up 11.83% to Ƀ0.0002457 on Ƀ9.0k volume.

Ether Classic is up 0.6% to Ƀ0.002365 with volumes of Ƀ8.4k and up 1.02% against the dollar at $21.74.

Monero is down 0.17% against the dollar at $245.35 and down 0.86% against Bitcoin at Ƀ0.0266 on volumes of Ƀ5.3k.

Neo is down 0.56% for the day to Ƀ0.009159 per NEO and down 0.21% against the dollar to $84.24 with an average volume of Ƀ5.0k for the 24 hour period.

Waves is up 7.84% to Ƀ0.0008007 on Ƀ4.1k volume.

Stratis is down 0.3% to Ƀ0.0008204 on Ƀ1.9k volume.

Cardano is up 4.59% to Ƀ0.00004081 on Ƀ10.2k volume.

NEM is up 0.6% to Ƀ0.00004521 on Ƀ1.1k volume.

EOS is down 6.08% to Ƀ0.00193 on Ƀ24.3k volume.

Tron is down 5.51% to Ƀ0.00000943 on Ƀ17.6k volume.

Stellar is down 2.41% to Ƀ0.00004706 on Ƀ3.6k volume.

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